Texas is a state that is well known for experiencing severe weather. Not only is it possible for Texas to experience hurricanes, tornadoes, earthquakes, hailstorms, windstorms, flooding, and other types of severe weather, but all of these natural disasters are things that can happen throughout most of the year. When all of these natural disasters are considered, it is no wonder why Texas has ranked as the third most expensive state for homeowners insurance. The only other states that have more expensive homeowners insurance than Texas are Florida and Louisiana.
Many homeowners in Texas wonder if there is anything they can do to lower their homeowners insurance costs. This is something that lots of homeowners are worried about, especially if they have never experienced any damage to their home because of severe weather. Fortunately, there are many steps that Texas residents can take to lower homeowners insurance costs.
Since Texas experiences so many natural disasters, homeowners can take steps to make their homes more disaster resistant. Before a person hires a contractor to install shatterproof or wind resistant windows, it would be a good idea for them to speak to their homeowners insurance agent to find out what kind of disaster resistant techniques will lower their homeowners insurance premiums. Some of the things that agent may recommend may include updating the plumbing, electrical and heating systems in the home. If a natural disaster does occur, updated systems are more resistant to fire and flooding. Another area that may need some reinforcement is the roof.
Another thing that can raise the cost of homeowners insurance is burglary risk. If a person lives in an area that experiences high crime rates, it is likely that their homeowners insurance costs will be high. Also, if they do not have any security devices installed in their home, they will usually pay more. Most people are not able to simply move in order to save on their homeowners insurance. However, they can take steps to make their home safer. Getting a monitored security system, cameras, alarms, and other devices installed in the home can will not only ensure that the inhabitants of the home as well as the possessions are safe, but also the homeowners insurance costs will go down.
One of the best things that a person can do is shop around for homeowners insurance. Even in areas like Texas that are known to have a high insurance rates, it is possible to save money by shopping around. Individuals can compare homeowners insurance rates online and find an inexpensive option. However, it is important to be careful to not only look at the price. Homeowners need to thoroughly examine the policies and be sure that all of their needs are covered. They may even need to buy extra coverage. This is necessary if a person has a pool or a trampoline in their backyard. These items are usually not covered under typical homeowners insurance policies.
Doing personal research and keeping up with the news is important for Texas homeowners if they are interested in saving money on homeowners insurance. For example, it is important for homeowners to know that fracking is taking place in Texas. Damage that may come to a home as a result of fracking is normally not covered under most homeowners insurance policies. The kind of damage that may be caused by fracking could include earthquakes, fires, and explosions. Earthquakes can either completely damage the home or damage the structures and undermine its stability. It is important for Texas residents to speak with their homeowners insurance agents to learn about the different types of endorsements that can be added to a policy to get coverage in case of damage that is caused by fracking.